Question
Mr. P invested Rs. ‘2x’ in scheme ‘A’ offering simple interest of 20% p.a. and reinvested the interest earned from scheme ‘A’ at the end of 4 years in scheme ‘B’ offering compound interest of 20% p.a. compounded annually. If total amount received from scheme ‘B’ after 2 years is Rs. 1008, then find the value of ‘8x’.
More Simple and compound interest Questions
- Anil borrowed Rs.20000 on CI at the rate of 10% for three years. He paid at the end of first year (1/8)th of amount and end of second year (1/5)th of amoun...
- A man invested Rs. 't' in scheme 'I' offering simple interest at 11% for 7 years and Rs. 2,700 in scheme 'J' offering simple interest at 13% for 6 years. I...
- What is the simple interest on ₹5000 at a rate of 8% per annum for 3 years?
- A certain sum of money becomes 8000 in 6 years and Rs. 9240 in 10 years at any certain rate of simple interest. Find the principal amount.
- Simple interest earned on an amount of Rs.1600 at rate of R% per annum after 3 years is Rs.336. Find the simple interest earned on an amount of Rs.1500 at ...
- Suman paid ₹9,600 in interest on a loan she obtained 5 years ago with a simple interest rate of 16%. What was the amount of the loan she had taken?
- The compound interest received on investing Rs. 10,000 for 2 years at 'y'% p.a., compounded annually is Rs. 3,689. The simple interest earned on investing ...
- A sum when invested at simple interest of 12.5% p.a. amounts to Rs. 10,000 after 2 years. If the same sum was invested at simple interest of 9% p.a. for 4 ...
- Ravi invested Rs. 48,000 in scheme 'A' which offers simple interest at 'r%' p.a. for 4 years. After 4 years, he received an amount of Rs. 84,000. Find the ...
- A man invests a total of Rs 40,000 in two schemes for 2 years: I) Scheme A: Simple interest at 8% p.a. II) Scheme B: Compound interest at 10% p.a., compo...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt